Get up to Rs 40 lakh in manufacturing loans from HDFC Bank, without worrying about any collateral or security. Whether you need the funds for working capital or business expansion, manufacturing Business Loans are your go-to solution.
You can repay the loan amount and interest via pre-decided EMIs, over a tenure ranging between 12 months to 48 months.
Overdraft facility on manufacturing Business LoansOverdraft facility on manufacturing Business Loans
HDFC Bank Business Loans for Manufacturers come with an unsecured dropline overdraft facility of up to Rs 5 lakh to Rs 15 lakh (subject to terms and conditions). The limit is set in a separate current account, and it reduces every month until the end of the loan tenure. Customers have to pay interest only on the amount that is utilized and not on the total sanctioned withdrawal limit.
If you wish to avail of a manufacturing Business Loan from HDFC Bank, you can check your eligibility online or at the bank branch in less than a minute. The factors taken into consideration during the loan approval and disbursal are your loan repayment history, credit score as well as the relationship with the bank, over and above your basic eligibility